This article is based primarily on a series of meetings with workers, peasants, organizers, and leftist activists that I participated in during the summer of 2004, together with Alex Day and another student of Chinese affairs. It is part of a longer paper that is being published as a special report by the Oakland Institute. The meetings took place mainly in and around Beijing, as well as in Jilin province in the northeast, and in the cities of Zhengzhou and Kaifeng in the central province of Henan. What we heard reveals in stark fashion the effects of the massive transformations that have occurred in the three decades following the death of Mao Zedong, with the dismantling of the revolutionary socialist policies carried out under his leadership, and a return to the “capitalist road,” leaving the working classes in an increasingly precarious position. A rapidly widening polarization-in a society that was among the most egalitarian-is occurring between extremes of wealth at the top and growing ranks of workers and peasants at the bottom whose conditions of life are daily worsening. Exemplifying this, the 2006 Fortune list of global billionaires includes seven in mainland China and one in Hong Kong. Though their holdings are small compared to those in the United States and elsewhere, they represent the emergence of a full-blown Chinese capitalism. Rampant corruption unites party and state authorities and enterprise managers with the new private entrepreneurs in a web of alliances that are enriching a burgeoning capitalist class, while the working classes are exploited in ways that have not been seen for over half a century | more…
At the end of October John Bellamy Foster and Martin Hart-Landsberg (coauthor with Paul Burkett of China and Socialismand author of Korea: Division, Reunification and U.S. Foreign Policy—both published by Monthly Review Press) traveled to Mexico City to participate as representatives of Monthly Review in the Fifth Colloquium of Latin American Political Economists. John spoke on “Imperial Capital: The U.S. Empire and Accumulation.” Martin presented a paper (cowritten with Paul Burkett) on “China and the Dynamics of Transnational Capital Accumulation.” Among the conference participants who met with John and Martin in a special meeting for Monthly Review were Guillermo Gigliani of Economistas de Izquierda (EDI) in Argentina (see “Argentina: Program for a Popular Economic Recovery” in the September 2004 issue of MR), Alejandro Valle of Mexico, the chief organizer of the Fifth Colloquium, and Leda Maria Paulani, President of the Sociedade Brasileira de Economia Política (SEP). Our hope is that this important meeting will lead to the establishment of a strong connection between MR and Latin American political economists confronting neoliberalism. The final outcome of the Fifth Colloquium was itself a landmark event: the founding of the long-planned Sociedad Latinoamerica de Economía Política y Pensamiento Crítico (Latin American Society of Political Economy and Critical Thought). The new organization will not be simply (or mainly) an academic and professional organization but will be actively dedicated to opposing neoliberalism and to supporting political and social movements for radical change in Latin America. We salute our Latin American political-economic comrades in this important struggle | more…
Nepal lies on the south side of a five-hundred-mile-long section, east to west, of the Himalayan mountain range. China (Tibet) is its northern neighbor, and on the east, south, and west Nepal is surrounded by India (Sikkim, Bihar, and Uttar Pradesh). Nepal’s width north to south averages about one hundred miles—from the Himalayan ridge and the highest point on earth (Mt. Everest, at 29,035 feet) down to a thin strip of the Gangetic plain (the Terai), where Nepal’s second largest city, Biratnagar, is less than 300 feet above sea level | more…
While communications about the military successes of the People’s War in Nepal have been regularly disseminated, little information has been made available at the international level about the achievements of people’s power in the country. This article aims to rectify this situation somewhat by highlighting the emergence of people’s power side-by-side with the progressive dissolution of the old monarchical state (ruling since 1769), with particular reference to achievements made in the Central Command area, which includes the main base area, Rolpa | more…
Over a quarter century after China ventured onto the market path, it is high time to take a hard look and ask some very tough questions. That is what Martin Hart-Landsberg and Paul Burkett did in “China and Socialism: Market Reforms and Class Struggle” (Monthly Review, July–August 2004) and they concluded that “market reforms” have fundamentally subverted Chinese socialism. The considerable costs of economic liberalization, they argued, reflect the inherent antagonisms of the capitalist system that is in the midst of being imposed. “Market socialism” is at best a contradiction in terms, an unstable formation that only awaits progressive degeneration: “the Chinese government’s program of ‘market reforms,’ which was allegedly to reinvigorate socialism, has instead led the country down a slippery slope toward an increasingly capitalist, foreign-dominated development path.” | more…
According to The Annual Economic Fiscal Report (July 2004) prepared by the Ministry of Economic and Fiscal Policy, the Japanese economy is recovering from the prolonged stagnation that began with the bursting of the financial bubble in 1990-91. This recovery started at the beginning of 2002. It is characterized by the restored increase of both profitability and spending on plant and equipment in the private business sector and an increase in demand from abroad, while public spending (like public works) has been rather held down. In the fiscal year 2003 (up through March 2004) for instance, the Japanese real Gross Domestic Product (GDP) was said to have grown by 3.2 percent. Contributions to this growth rate came from the growth of domestic demand in the private sector (2.9 percent) and the growth of foreign demand (0.8 percent), offset by a mild decline in government spending (minus 0.6 percent). The annualized rate of GDP growth in the quarter January-March 2004 was said to have reached 5.6 percent and especially encouraged the official expectation of a strong economic recovery | more…
In recent years, China has become a major actor in the global economy, making a remarkable switch from a planned and egalitarian socialism to a simultaneously wide-open and tightly controlled market economy. Against the establishment wisdom, Minqi Li argues in this provocative and startling book that far from strengthening capitalism, China’s full integration into the world capitalist system will, in fact and in the not too distant future, bring about its demise. | more…
With a population of over a billion, approaching that of China, and an economic growth rate above the world average, India is now frequently identified as one of the prospective great powers of the twenty-first century. The purpose of this article is to question this prognosis, as the conditions necessary for India to become a great modern power seem to me far from assured. | more…
The Unknown Cultural Revolution challenges the established narrative of China’s Cultural Revolution, which assumes that this period of great social upheaval led to economic disaster, the persecution of intellectuals, and senseless violence. Dongping Han offers a powerful account of the dramatic improvements in the living conditions, infrastructure, and agricultural practices of China’s rural population that emerged in this period. Drawing on extensive local interviews and records in rural Jimo County, in Shandong Province, Han shows that the Cultural Revolution helped overthrow local hierarchies, establish participatory democracy and economic planning in the communes, and expand education and public services, especially for the elderly. Han lucidly illustrates how these changes fostered dramatic economic development in rural China. | more…
In 1995 a foreign reporter interviewed me about Mao. She sought me out as someone who had met the man in person and openly admired him over the years. She asked, “What about all the people he killed? What about all those famine deaths? And what about all the suffering and destruction of people in the Cultural Revolution?” With these questions she lined herself up with the current media line on Mao, the line of conventional wisdom, which is to present him as a monster—Mao, the monster. The usually more enlightened BBC reached a new low that week with their Mao centenary program. It made him out to be not only a monster but also a monstrous lecher far gone into orgies with teenage girls. Such a low level of attack! It cheapened the BBC and should have backfired, but you never can tell these days | more…
We regret to announce the death of William Hinton, one of the greatest fighters for Chinese socialism (and socialism in general) in the 20th century, and a beloved member of the MR family. This fall we will publish one of his last public lectures on the role of Mao Zedong. What follows is a tribute written by Monthly Review Foundation board director, John Mage, posted earlier on the MR Web site
We depart this year from our usual practice for MR’s July–August double issue. Instead of a collection of articles on a common theme, we are devoting the issue to a single manuscript—a study of China and economic development theory by Martin Hart-Landsberg and Paul Burkett that will be published in book form by Monthly Review Press early next year. Although there are numerous books on China, this one is especially worthy. It is a careful, clear, well-grounded Marxist study of how a major post-revolutionary society turned away from socialism. In addition, the current transformation in China throws light on why capitalism, by its very nature, creates poverty, inequality, and ecological destruction in the process of economic growth. | more…
